BANK SENTRAL - SISTEM PEMBAYARAN

Summary

This educational video by Dewi Nani explores the crucial role of Bank Indonesia as the central bank in the nation's economy. It covers the primary goals of maintaining currency stability, implementing monetary policies, and ensuring a smooth payment system. The video delves into the functions of Bank Indonesia, such as regulating and overseeing both cash and non-cash payments, supervising financial institutions, and facilitating economic stability through its payment systems like BI RTGS and SKNBI. It also features a quiz to test understanding, offering a comprehensive overview of Bank Indonesia's significance in Indonesia's financial infrastructure.

Takeaways

• 😀 Bank Indonesia (BI) is the central bank of Indonesia, responsible for maintaining the stability of the rupiah.
• 😀 BI has the primary goal of stabilizing the value of the national currency, both in relation to goods and services and foreign currencies.
• 😀 The central bank's main functions include issuing currency, acting as a bank for other banks, and providing liquidity in times of financial stress.
• 😀 Bank Indonesia implements monetary policies using tools like interest rates, reserve requirements, and open market operations to maintain economic stability.
• 😀 One of BI's key roles is regulating and ensuring the smooth operation of the national payment system, which includes both cash and non-cash payments.
• 😀 The central bank supervises payment systems, including providing licenses to operators and overseeing their compliance with standards.
• 😀 BI runs important payment systems such as RTGS (Real-Time Gross Settlement) for large-value transactions and SKNBI (National Clearing System) for smaller retail payments.
• 😀 As the 'Lender of Last Resort,' BI provides emergency liquidity to financial institutions in crisis situations.
• 😀 BI coordinates with the government to align monetary policy with fiscal policies, ensuring a cohesive approach to national economic management.
• 😀 The central bank's responsibility for macroprudential oversight focuses on ensuring the stability of the entire financial system, with microprudential supervision handled by the OJK.

Q & A

What is the primary objective of Bank Indonesia as the central bank?

The primary objective of Bank Indonesia is to achieve and maintain the stability of the Indonesian Rupiah by controlling inflation and managing the exchange rate.

What are the main functions of Bank Indonesia as a central bank?

Bank Indonesia has several key functions: issuing currency, acting as the bankers' bank, implementing monetary policy, managing liquidity, and overseeing the banking system.

How does Bank Indonesia control inflation and stabilize the Rupiah?

Bank Indonesia controls inflation and stabilizes the Rupiah through its monetary policy tools, including managing the money supply, setting the reserve requirement ratio, conducting open market operations, and adjusting the discount rate.

What is the role of Bank Indonesia in the national payment system?

Bank Indonesia regulates, supervises, and operates the national payment system, which includes both cash and non-cash transactions. It also facilitates the development of payment systems within the financial sector.

What is the difference between cash and non-cash payment systems?

Cash payment systems use physical money (banknotes and coins), while non-cash payment systems use instruments like credit cards, debit cards, checks, and electronic money for transactions.

What is the RTGS system, and why is it important?

The RTGS (Real-Time Gross Settlement) system is an electronic fund transfer system that processes high-value transactions (over 100 million IDR) in real-time. It is crucial for urgent transactions and maintaining the stability of the financial system.

What is the role of Bank Indonesia in the RTGS system?

Bank Indonesia acts as the regulator, supervisor, and operator of the RTGS system, ensuring its smooth functioning and setting the rules for its usage.

What is the SKNBI system, and what does it facilitate?

The SKNBI (National Clearing System of Bank Indonesia) is an electronic transfer system that handles small-value transactions (below 100 million IDR). It is used for retail payments and operates on a national scale.

How does Bank Indonesia ensure the smooth functioning of the payment system?

Bank Indonesia ensures smooth payment system operations by creating regulations, providing approvals for payment service providers, overseeing activities within the system, and offering facilitation for the financial industry’s growth.

What are the duties of Bank Indonesia regarding the banking system?

Bank Indonesia is responsible for regulating and supervising the banking system, ensuring its stability, and conducting macroprudential supervision to prevent financial crises.